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New Deal


Announced

Completed

Princeville Capital and Woodline Partners led a $230m Series F funding round in SmartNews.

Financials

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Transaction Value£166m
Consideration TypeCash
Capital Owned-
Capital Bid For12%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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publishing

Japan

Venture Capital

Cross Border

Completed

Minority

Private Equity

Acquisition

Private

news

Publishing

Friendly

Synopsis

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Private equity firms Princeville Capital and Woodline Partners led a $230m Series F funding round in SmartNews, an operator of a news platform. Other investors include JIC Venture Growth, Green Co-Invest, Yamauchi-No.10 Family Office, ACA Investments and SMBC Venture Capital. “We are proud of what we have built and what the business has accomplished to date. The US market will be a touchstone for further growth as we contribute to shaping a better future for quality journalism and exceptional information delivery on a global scale. Our users continue to make SmartNews their ‘must use’ daily information source, and we look forward to deepening our relationships with publishers as we expand our portfolio of valuable tools and content," Ken Suzuki, SmartNews CEO and Co-Founder.

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